Broker rating...24 Feb 2020 22:52
Over at Berenberg, analysts hiked their target price on animal products retailer Pets At Home from 210p to 300p on Monday, noting the group's new management team had transformed both the company's fortunes and investor perceptions.
Berenberg said it was "increasingly confident" that Pets At Home will be able to "outperform current consensus expectations" but did state that its sum of the parts evaluation did suggest that potential was already priced in, to a significant degree.
"As a result, although we are positive about the outlook for Pets, we maintain our 'hold' rating," said Berenberg.
Covering their bases somewhat but positive news...